It’s official, Lake Nona will soon start work on its planned town center mixed-use development in Medical City.
The Orlando City Council on March 31 approved a plan for the first phase of the Lake Nona Town Center, which will include a 200-room, dual-branded Marriott hotel, 80,000 square feet of office, 23,550 square feet of retail/restaurant space, a 300-unit urban-style apartment complex and structured parking.
Construction is set to start in May on the town center, which will bring much-needed office space and restaurant options to the 600-acre emerging Medical City life-sciences hub in southeast Orlando. Medical City is anchored by the Sanford-Burnham Medical Research Institute, Nemours Children’s Hospital, the University of Central Florida College of Medicine and the University of Florida Research & Academic Center. And with the Orlando VA Medical Center’s slated debut by year-end, the hub is expected to create 30,000 jobs by 2017.
Lake Nona also was named one of the top-selling master-planned communities in the U.S. last year by national real estate research firm RCLCO.
The town center is one of several commercial projects in the works in Lake Nona, as previously reported by Orlando Business Journal. For a more in-depth look, be sure to read OBJ ’ s April 4 weekly edition.